AbandonedPlans

PenChecks helps you safely negotiate the complex and highly regulated process of winding down abandoned plans and distributing their assets. Using a variety of Qualified Termination Administrator services, we make it easy to comply with Department of Labor abandoned plan termination requirements.

Recurring Benefit Payments

PenChecks’ Recurring Benefit Payment Distribution Service delivers timely payments while keeping you compliant with all payment processing regulations. We handle all state and federal tax withholding, remittance and reporting requirements while providing a choice of monthly, quarterly, biannual or annual distributions.

Alternative Payment Processing

PenChecks’ alternative payment processing service provides a cost-effective solution for lump sum or rollover distributions, and a single point of benefit distribution processing regardless of your custodial or recordkeeping platform. We also manage payments related to class action settlements, membership programs, and more.

PenChecks Expert Series Online Webinars

As part of our commitment to ongoing education and management best practices, we offer on-demand webinars presented by outside industry experts on a wide variety of retirement plan distribution and general management topics. Access our full webinar library here